Which stocks are most correlated with XYZ?

Based on one year of daily returns, the stocks most correlated with Block, Inc. (XYZ) are XYZG (1.00), XYZY (0.95) and FINX (0.72). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with XYZ?

Over the past year, the stocks most inversely correlated with Block, Inc. (XYZ) are WEBS (-0.59), SARK (-0.54) and SDS (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.

Block, Inc. (XYZ) — Stock Correlations & Overview

Over the past year, XYZ has moved most closely with XYZG, XYZY, FINX. Explore the stocks most correlated and inversely correlated with XYZ below, along with its price, financials, and company profile.

Stocks correlated with XYZ

Correlation of daily returns. Higher positive values move with XYZ; negative values move opposite it. Informational only, not investment advice.

Most correlated with XYZ

Symbol	Company	Correlation
XYZG	Leverage Shares 2X Long XYZ Daily ETF	1.00
XYZY	YieldMax XYZ Option Income Strategy ETF	0.95
FINX	Global X Funds Global X FinTech ETF	0.72
IPAY	Amplify Digital Payments ETF	0.72
BPAY	iShares FinTech Active ETF	0.67

Most inversely correlated with XYZ

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.59
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.54
SDS	ProShares UltraShort S&P500	-0.52
SH	ProShares Short S&P500	-0.52
SPXU	ProShares UltraPro Short S&P 500	-0.52

Frequently asked questions about XYZ correlations

Which stocks are most correlated with XYZ?: Based on one year of daily returns, the stocks most correlated with Block, Inc. (XYZ) are XYZG (1.00), XYZY (0.95) and FINX (0.72). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with XYZ?: Over the past year, the stocks most inversely correlated with Block, Inc. (XYZ) are WEBS (-0.59), SARK (-0.54) and SDS (-0.52). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these XYZ correlations calculated?: We compute the correlation of daily returns between XYZ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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